ISSN: 2226-3624
Open access
The name of every company has a way of attracting goodwill to the company, therefore we have analyzed the published financial statements certified by an independent auditors of 11 plc formally Mobil oil Nigeria plc capital structure and performance before the change of its name and after the change of its, the paired t-test was employed in the analysis with data ranging from 2019 to 2013, and the findings revealed that PRE-ROE, PRE-NCDE and PRE-ECE respectively vis a vis the mean of the POST-ROE, POST NCDE and POST ECE are statistically significant .042, .019 and .028 respectively, the study therefore revealed that the change of name has effected the company significantly, we therefore recommended that companies should engage in more sensitization for a specific period of time to keep the public aware before it change its name, the study above revealed that the return on equity reduced significantly; and companies should keep creditors and other stakeholder aware and be cogent whenever the needs arise to change its name, because the study revealed that the company under study have more access to debt prior the change of its name.
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In-Text Citation: (Kpolode, Edoumiekumo, Alfred, 2020)
To Cite this Article: Kpolode, O. P., Edoumiekumo, A. R., Alfred, D. A. (2020). 11 PLC Formally Mobil Oil Nigeria Plc A Pre And Post Analysis of Capital Structure and Performance. International Journal of Academic Research in Economics & Management Sciences. 9(2), 57-63
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